Trump says tariffs will stay until China complies with deal
The US president says he will wait until he is sure China is complying with any trade deal before he rolls back tariffs.
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The US president says he will wait until he is sure China is complying with any trade deal before he rolls back tariffs.
The much-anticipated meeting between US President Donald Trump and China's President Xi Jinping to sign an agreement to end their trade dispute will likely be pushed back to April at the earliest, sources say.
The acting chairman of the US Federal Maritime Commission has now been given the job permanently by President Donald Trump.
Citing "substantial progress" in recent negotiations, Trump says he will extend a deadline to raise tariffs on Chinese goods beyond this week.
The US should support the sulfur regulations and implement them in a timely manner, says the powerful US oil lobby in a letter to the White House, thus increasing its pressure on President Donald Trump.
Increasing debt problems and a trade war with the US has created problems in China's economy.
Oil prices continued losses as uncertainty hovers over the extent of OPEC's production cuts before the cartel's meeting on Thursday. The US President continues to urge against curbing output.
Following Trump's recent claims that China had agreed to start buying certain US products "immediately", Chinese officials are preparing to restart imports of US soybeans and LNG.
The truce between the US and China may have postponed an open conflict, but it has not yet prevented one. ShippingWatch has gathered reactions from Maersk Line, HMM, OOCL and Hapag-Lloyd. Shipping bank Nordea is far from convinced about the effect of a temporary agreement.
Despite a truce, the trade war between the US and China has impacted three otherwise good quarters on the bulk market and created major uncertainty, says Nordea in an analysis. Bimco warns that the recovery is "fragile."
While Trump called his weekend trade truce with the Chinese president an "incredible deal," the meeting risks prolonging the trade war.
Mæglere siger til S&P Global Platts, at Donald Trumps kommentarer om svovlkrav fredag "knuste" det europæiske bunkermarked. "Vi har set Trump trække sig ud af større ting," lyder det fra en af mæglerne.
The US and China want the World Trade Organization to address the case of increased customs tariffs.
Trump's foreign policy and trade wars with Iran and China have led to oil flows shifting across the globe. Increased US output also has an effect.
US President Donald Trump repeated his attacks on OPEC, claiming the cartel is forcing up oil prices, and he called on some members to start paying the US for military protection.
Oven på et lille fald i brentpriserne tirsdag ligger oliepriserne stabilt onsdag morgen. Præsident Trump beskylder Opec for at "snyde" resten af verden.
If the trade war between the US and China escalates, it will likely lead to less traffic going through the Panama Canal, warns the canal's administrator.
US President Donald Trump will likely already Monday take a new step in the trade dispute with China by placing tariffs on almost all of the US' annual import of goods from China.
Germany, France and the UK are allegedly working on a solution that will enable European companies to do business in Iran without being affected by the US sanctions effective from this autumn.
In an interview, Trump threatens to pull the US from WTO, at the same time he rejects the EU's tariff proposal.
China is expected to take over from France's Total SA to develop Iran's share of the world's biggest gas deposit. The French oil major has halted operations after US President Donald Trump reimposed sanctions on Iran.
This week, the US will implement several sanctions against Iran which had previously been suspended under the nuclear accord.
New talks are allegedly underway between the US and China in an effort to avert a full-blown trade war, sources familiar with the efforts say.
Representatives from the EU, Canada, Mexico, Japan and South Korea meet in Geneva on Tuesday to coordinate a counter-response to what could be the joker in Trump's tariff war – namely tariffs on the import of cars.
ANALYSIS: If one looks closer at what the US and EU actually promised, there are hardly any changes to the status quo. Watch Medier's EU correspondent dissects this week's deal and what it actually entails.
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